Since the credit crisis, regulators and supervisors around the world have been making plans to minimise the likelihood and impact of new banking crises. Strengthening the arrangements for bank crisis management is a part of this.

Fuelled by higher commodity prices and improved business and consumer sentiment, Peru has recovered vigorously from the global economic crisis. As a result, the economy is now operating close to full capacity.

Benefitting from a large-scale public investment program, Panama’s economy will likely withstand the current global economic slowdown and continue to grow solidly. While government finances remain stable, challenges might arise over the medium-term.

Peru’s presidential elections were won by former left-wing radical Ollanta Humala. However, both the policies and the most key economic decision makers of the new government have a very moderate and pragmatic character.

The Russian economy remains too reliant on its oil and gas sector while corruption remains deeply embedded. The biggest change since our May 2011 update is the announcement that PM Putin will run for president.

Owing to its close ties with neighboring Italy and various domestic problems, Slovenia has been suffering from contagion from the euro area debt crisis. Its economic recovery remains highly export-dependent on the back of a sizable banking crisis.